Dear VMS followers,
As promised, we are keeping you in touch with information and opinions on the price of copper and where it is headed. The piece below is bullish and backs that position with some very interesting facts about copper today.
The article is from Mickey Fulp. He calls himself the Mercenary Geologist and is an outspoken player in the exploration and mining space. Mickey has developed a large following, and is not only a really energized, fun guy we have known for some years now, but a serious observer of our “place of business”.
Thanks to Mickey for letting us send this along. His website is: http://www.goldgeologist.com/index.html.
Best regards,
Rick Mark
CEO
VMS Ventures Inc.
VMS owns ~45% of North American Nickel
Copper Continues to Confound the Commodities Crowd
A Monday Morning Musing from Mickey the Mercenary Geologist
Contact@MercenaryGeologist.com
January 30, 2012
Loyal subscribers know I often opine that world markets are in the midst of a secular bull market for commodities, or “stuff”, as my recently passed friend Clyde Harrison was so fond of saying. Despite his traitorous penchant for Coors Light (instead of the classic St. Louis-brewed lagers), Clyde was one ofthose fellow Missourians who always had to be shown, and we all miss his wry wit, sense of humor, and insight into the speculative commodities markets.
You may also be aware of my many writings and interviews on the supply-demand fundamentals of copper, the metal with a “Ph..D. in Economics”. Copper is the one commodity that most directly reflects the near- and mid-term health of the world’s economy.
The modern copper industry started in the early 1900s with advent of large, mechanized open pit mines that could mine lower grades thru economies of scale. Development of these mines was coincident with the demand for and delivery of electricity to the industrialized world. Copper cable and wire is necessary for efficient transmission of electrical power and remains the main use of the metal.
Most of the easily exploited surface deposits of copper were discovered long ago. For many decades now, explorationists have depended on indirect surface geology clues, subsurface geophysics, geochemical sampling, and remote sensing to target and discover new economic deposits of copper that do not crop out. Increased exploration over the past eight years has resulted in discovery of major new resources, but long lead times to development and mining continue to hamper primary supply. The copper market will be “tight” for the foreseeable future. CLICK HERE TO READ MORE
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VMS Ventures Inc.
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EXPLORATEUR |
CODE : VMS.V |
ISIN : CA91828R1091 |
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ProfilIndicateurs de MarchéVALEUR : Projets & res.Communiqués de PresseRapport annuelRISQUE : Profile actifsContactez la cie |
VMS Ventures est une société d’exploration minière de zinc et d'or basée au Canada. VMS Ventures détient divers projets d'exploration au Canada. Ses principaux projets en exploration sont REED LAKE, LYNN LAKE GABBROS, PUELLA BAY et COVER au Canada. VMS Ventures est cotée au Canada, aux Etats-Unis D'Amerique et en Allemagne. Sa capitalisation boursière aujourd'hui est 19,0 millions CA$ (13,9 millions US$, 13,0 millions €). La valeur de son action a atteint son plus haut niveau récent le 31 décembre 2007 à 1,76 CA$, et son plus bas niveau récent le 22 janvier 2016 à 0,05 CA$. VMS Ventures possède 146 480 000 actions en circulation. |